Auto-rolling weekly strategies that sell options against your deposit and stream the
premium back to you as on-chain yield. One click — sit back and collect the "option yield".
Protocol TVL
$48.2M
Avg. Projected APY
17.4%
Active Epochs
3
All Vaults
Covered Call
Put Selling
Highest APY
All Vaults
E
ETH Covered Call
Sells weekly out-of-the-money ETH calls · collects premium
Weekly · Auto-roll
ETH-USD3,612.40
Sold Call Strike3,800
Distance to Strike+5.2%
Weekly Premium0.41%
1H1D1W
Epoch
Idle · deposit to start
Covered-Call Payoff
The vault keeps the option premium no matter what. Your upside is capped at the sold strike —
if the underlying rallies past it, the coin is "called away" and you forgo the run-up above the strike.
Vault payoff (capped)
Hold underlying
Sold strike
Premium floor
How this vault earns "option yield"
A DeFi Option Vault (DOV) systematizes an options-selling strategy so anyone can earn premium with one deposit.
1
Deposit collateral
Your USDC (or the coin) is pooled into the vault as collateral for the options it will sell this epoch.
2
Vault auto-sells a weekly OTM call
Every Friday the vault auctions an out-of-the-money covered call against the pool. Buyers pay a premium.
3
Premium = your yield
The collected premium is distributed to depositors. Annualized, this is the projected APY the vault advertises.
4
Settle & auto-roll
If spot stays below strike → option expires worthless, you keep everything and the vault rolls into a new week. If spot blows past strike → upside is capped, but you still keep the premium.
Options Chain
Expiry Fri · 5d 4h
Call IV
Bid
Ask
Strike
Bid
Ask
Put IV
Deposit
Withdraw
AmountBalance: 25,000.00 USDC
USDC
25%
50%
75%
MAX
Projected APY15.80%
Weekly premium yield0.30%
Est. weekly earnings15.21 USDC
Capped above3,800
One-click option yield. Funds enter at the next weekly roll. Capped upside; premium kept regardless.